This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Deal: European and Asian Stocks Edge Higher

LONDON (The Deal) -- European and Asian stocks edged higher Friday as U.S. federal government employees returned to work and after a Chinese GDP report showed the pace of economic growth in the world's No. 2 economy is accelerating.
In London, the FTSE was up 0.25% at 6,592.79. Miner Anglo American about fell 2.5% after a mixed third-quarter production report showed copper output was up 32% year-on-year but iron ore fell 24%, partly because of safety-related stoppages at its Sishen mine in South Africa.
In Frankfurt, the Dax was little changed at 8,814.28 and in France the Cac-40 was up 0.25% at 4,250.03.
Cap Gemini gained 3.4% after it said it was in exclusive talks to buy the IT services division of nuclear power-generation equipment supplier Areva. The would-be seller also gained more than 3%.
In Hong Kong, the Hang Seng closed up 0.95% at 23,314.49. A government report showed that Chinese GDP had expanded 7.8% in the third quarter, benefiting from a state stimulus package.
Growth accelerated from 7.5% the previous quarter and exceeded the state's annual growth target, which is also 7.5%
Shares in PC maker Lenovo fell 1.9% to HK$8.05 on a Wall Street Journal report that it is preparing a bid for Canada's BlackBerry (BBRY - Get Report). The smartphone maker last month agreed to be bought by a consortium led by Fairfax Financial Holdings for $4.7 billion but has since attracted bid interest from its founders.
In Tokyo, the Nikkei 225, which had largely shrugged off the U.S. debt debacle, gave up 0.17% of its value to close at 14,561.54.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BBRY $9.46 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs